Thursday, May 18, 2017

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 92.5 unch
  • Asia Pacific Sovereign CDS Index 21.25 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 72.13 +.02%.
  • S&P 500 futures -.04%.
  • NASDAQ 100 futures -.08%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (CPB)/.64
  • (DE)/1.69
  • (FL)/1.38
  • (QSII)/.19
Economic Releases 
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bullard speaking, German PPI, (AET) annual meeting, (CHK) annual meeting, (JCP) annual meeting and the (COP) investor update could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by energy and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modesty lower.  The Portfolio is 50% net long heading into the day.

No comments: